Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020		Dec. 31, 2019
Assets:
Cash and due from banks	$ 67,728		$ 58,680
Interest bearing deposits	124,974		206,003
Federal funds sold	0		0
Cash and cash equivalents	192,702		264,683
Certificates of deposit in other banks	245		245
Debt securities available-for-sale at fair value (amortized cost of $625,914 and $593,945, respectively)	633,479		599,844
Debt securities held-to-maturity at amortized cost (fair value of $0 and $517, respectively)	0		517
Equity securities at fair value	1,721		1,953
Loans held for sale	1,403		1,167
Loans	3,287,541		3,248,664
Allowance for credit losses	(49,445)	[1]	(35,096)
Net loans	3,238,096		3,213,568
Premises and equipment, net	43,568		44,046
Right-of-use asset	14,210		14,550
Federal Home Loan Bank stock	11,354		10,474
Federal Reserve Bank stock	4,887		4,887
Goodwill	65,490		65,490
Bank owned life insurance	69,609		69,269
Mortgage servicing rights	2,481		3,263
Other real estate owned	19,816		19,480
Accrued interest receivable	14,680		14,836
Other assets	38,904		37,731
Total assets	4,352,645		4,366,003
Deposits:
Noninterest bearing	860,844		865,760
Interest bearing	2,534,264		2,539,812
Total deposits	3,395,108		3,405,572
Repurchase agreements	236,908		226,917
Federal funds purchased	4,907		7,906
Advances from Federal Home Loan Bank	411		415
Long-term debt	57,841		57,841
Deferred taxes	2,719		5,110
Operating lease liability	13,400		13,729
Finance lease liability	1,453		1,456
Accrued interest payable	3,447		2,839
Other liabilities	23,529		29,332
Total liabilities	3,739,723		3,751,117
Shareholders' equity:
Preferred stock, 300,000 shares authorized and unissued	0		0
Common stock, $5 par value, shares authorized 25,000,000; shares outstanding 2020 - 17,787,274; 2019 - 17,793,165	88,936		88,966
Capital surplus	224,277		224,907
Retained earnings	294,223		296,760
Accumulated other comprehensive income, net of tax	5,486		4,253
Total shareholders' equity	612,922		614,886
Total liabilities and shareholders' equity	$ 4,352,645		$ 4,366,003

[1] *Effective January 1, 2020, the allowance for loan and lease losses became the allowance for credit losses with the implementation of ASU 2016-13, commonly referred to as CECL.